Home Business Kenya Power to get Sh6bn for rural electricity debt

Kenya Power to get Sh6bn for rural electricity debt

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Business Daily | by Edwin Okoth


The Treasury will disburse Sh6 billion to Kenya Power as part of the Sh11.9 billion the government owes the utility firm for managing the electricity network under the rural electricity scheme.

Energy Cabinet secretary Charles Keter said the money had been factored in the supplementary budget and is expected to draw by January 2020 to help relieve the utility firm suffering under heavy debt and decreased earnings.

Mr Keter said the move is part of the liquidity plans laid out to…

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